Stock Traders Buy High Volume of Oracle Corporation Call Options (NYSE:ORCL)
Oracle Corporation (NYSE:ORCL) saw some unusual options trading activity on Wednesday. Traders bought 36,574 call options on the company. This is an increase of approximately 115% compared to the typical daily volume of 17,031 call options.
A number of equities analysts recently issued reports on ORCL shares. Bank of America Corporation lowered their price target on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a report on Friday, June 30th. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, May 16th. Societe Generale downgraded Oracle Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $51.00 to $50.00 in a report on Thursday, May 11th. Argus raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Friday, June 23rd. Finally, KeyCorp raised Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price target for the company in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the stock. Oracle Corporation currently has a consensus rating of “Buy” and an average target price of $50.70.
In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the sale, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $50.94, for a total transaction of $10,188,000.00. Following the sale, the executive vice president now owns 130,977 shares in the company, valued at $6,671,968.38. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock worth $91,547,388 in the last ninety days. 29.00% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after buying an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after buying an additional 1,521,879 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Oracle Corporation by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after buying an additional 482,220 shares in the last quarter. Harris Associates L P increased its position in shares of Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after buying an additional 156,122 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Oracle Corporation during the fourth quarter valued at approximately $1,090,559,000. Institutional investors and hedge funds own 58.77% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) traded down 1.04% during trading on Thursday, hitting $48.55. The stock had a trading volume of 1,099,677 shares. The stock’s 50-day moving average is $50.11 and its 200-day moving average is $45.32. The stock has a market capitalization of $200.84 billion, a P/E ratio of 21.97 and a beta of 1.06. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Analysts predict that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.
About Oracle Corporation
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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